Reddit Tumbles 7% In Premarket Amid Advance's Stake Sale Announcement: Technicals Show Strong Support, But Selling Pressure Persists At Overbought Levels
Reddit Tumbles 7% In Premarket Amid Advance's Stake Sale Announcement: Technicals Show Strong Support, But Selling Pressure Persists At Overbought Levels
Apart from this, Reddit faced an outage on Wednesday and Thursday this week. This outage stems from an HTTP error, as per TechCrunch. The platform was able to resolve the issue later.Shares of Reddit Inc (NYSE:RDDT) nosedived by 6.2% to $148.11 per share in premarket, despite closing 16% higher at $158.02 apiece on Thursday. Technical analysis points towards a bullish trend, with the stock trading at overbought levels.
红迪公司（纽交所：RDDT）的股票在盘前交易中暴跌了6.2%，至每股148.11美元，尽管周四收盘时上涨了16%，达到每股158.02美元。技术面分析指向看好的趋势，该股票交易于超买水平。
What Happened: Reddit's shareholder, Advance Magazine Publishers Inc. plans to sell as much as $1.2 billion of the company's stake, reported Bloomberg on Friday morning. The company is said to be offering 7.8 million shares in between the range of $145.38-$148.54 each.
发生了什么：红迪的股东，Advance Magazine Publishers Inc.计划出售最多12亿公司的股份，彭博社周五早上报道。该公司据说提供780万股，区间在145.38美元至148.54美元之间。
Advance Magazine Publishers is an arm of the Newhouse family publishing empire that owns Conde Nast. The company seeks to establish a credit facility using Reddit's stake, while buying derivatives on Reddit's shares, which allow it to indirectly maintain an ownership stake, reported Bloomberg.
Advance Magazine Publishers是Newhouse家族出版帝国的一个分支，拥有Condé Nast。该公司寻求建立一项信用设施，利用红迪的股份，同时购买红迪股票的衍生品，以间接维持其所有权股份，彭博社报道。
Apart from this, Reddit faced an outage on Wednesday and Thursday this week. This outage stems from an HTTP error, as per TechCrunch. The platform was able to resolve the issue later.
除此之外，红迪本周三和周四遭遇了故障。根据TechCrunch的说法，这次故障源于HTTP错误。该平台后来能够解决此问题。
Also read: Reddit Suffers Second Disruption In Two Days
另请阅读：红迪在两天内遭遇第二次中断
Why It Matters: Technical analysis points towards strong support for the RDDT stock.
为什么这很重要：技术面分析指向RDDT股票的强压力位。
Thursday's closing price of $158.02 sits above its eight, 20, and 50-day simple moving averages, signaling a bullish trend. However, the stock's distance from its 100-day moving average of $75.59 suggests potential selling opportunities with the relative strength index of 79.18 indicating overbought conditions.
周四收盘价158.02美元高于其八日、二十日和五十日简单移动平均线，显示出看好的趋势。然而，该股票与其100日移动平均线75.59美元的距离表明潜在的卖出机会。 相对强度指数 79.18的指标显示超买状态。
While RDDT stock could face volatility, if the stake sale report holds true its recent upgrade from Piper Sandler citing strong user growth metrics, makes it attractive in the longer term.
虽然RDDt股票可能面临波动，但如果股权出售报告属实，其最近从派杰投资的升级，因强劲的用户增长指标，使其在长期内具有吸引力。
According to Benzinga pro data, Reddit has a consensus price target of $92.84 based on the ratings of 19 analysts. The high is $150 per share issued by Piper Sandler on Nov. 19 and the low is $54 apiece issued by New Street Research on March 26, 2024.
根据Benzinga pro的数据，Reddit的共识目标价为$92.84，基于19位分析师的评级。最高价为派杰投资在11月19日发布的每股$150，最低价为新街研究在2024年3月26日发布的每股$54。
The average price target of $118.33 between Piper Sandler, Bernstein, and Citigroup implies a 19.28% downside for Reddit.
派杰投资、伯恩斯坦和花旗集团的平均目标价为$118.33，意味着Reddit有19.28%的下行空间。
Read next: Donald Trump's DOGE Initiative To Have 'Marginal Impact' Says Analyst As Elon Musk Aims To Target Over $500B In Federal Expenditures
阅读下一篇：分析师表示，特朗普概念的DOGE倡议将对超过$5000亿的联邦支出产生'边际影响'，因为马斯克旨在针对这一目标。
Image via Shutterstock
图片来源：shutterstock
